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Pennantpark $ ( (PFLT) ) has issued an announcement.
PennantPark Floating Rate Capital Ltd. announced a monthly distribution of $0.1025 per share for January 2025, payable on February 3, 2025, with the distribution expected to be derived from taxable net investment income. As a regulated investment company, it can distribute qualified interest income and short-term capital gains to non-U.S. stockholders without U.S. withholding tax, contingent on proper documentation. The announcement reflects PennantPark’s ongoing commitment to providing returns to its shareholders while leveraging its regulatory status for favorable tax treatment.
More about Pennantpark $
PennantPark Floating Rate Capital Ltd. is a business development company focused on investing in U.S. middle-market private companies, primarily through floating rate senior secured loans such as first lien, second lien, and subordinated debt. Managed by PennantPark Investment Advisers, LLC, the company sometimes ventures into equity investments. PennantPark Investment Advisers is a middle market credit platform managing $8.9 billion of investable capital, providing financing solutions to private equity firms and middle-market borrowers.
YTD Price Performance: 0.0%
Average Trading Volume: 834,464
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $914.7M
For detailed information about PFLT stock, go to TipRanks’ Stock Analysis page.
